The Side Hustle Economy: 25 Ways to Make Extra Money on the side

Popularized in recent years by people like Gary Vaynerchuk, the “side hustle” has quickly become a preferred mentality for aspiring entrepreneurs to make additional money on the side.

The gist of it is: by working hard outside the traditional hours of a 9-to-5, a side hustle allows you to build a business around what you are truly passionate about. And if that endeavor is successful, it can also help you make the full transition into permanent entrepreneurship later on.

Enter the Side Hustle Economy

Today’s practical infographic from Quid Corner highlights 25 different ways to dip your toes into the side hustle economy.

Some of these side hustles, like building courses or writing eBooks on your area of expertise, are great ways to begin building your personal thought leadership brand.

Meanwhile, other hustles listed here are more appropriate for supplementing your regular income. Getting extra cash in your pocket – and on your own terms – can help give you the confidence to start a business, or invest in further education.

Going From 0 to 60

If you are ready to make the dive into entrepreneurship, we previously posted 5 Ideas for Online Businesses in 2017.

If you’re still just getting your feet wet, it’s side hustle time. Work on the side for additional capital, get a proof-of-concept for your idea, or find ways to build your personal brand.

Even if your ambitions are huge, start slow, start small, build gradually, build smart.

– Gary Vaynerchuk, Serial Entrepreneur

Side hustling allows you to get a start while still having two feet on the ground. However, that’s not to say that side hustling is easy – it takes lot of work and commitment, and you have to be prepared to spend evenings and weekends to pursue your passion, with no guarantee for immediate results.

Here’s a few other infographic resources to help you get started or motivated:

Good luck out there.

www.money-au.com

Henry Sapiecha

SIX BUSINESS PROFIT TIPS YOUR ACCOUNTANT WILL NEVER TELL YOU

Six business tips that could make you more money

Most business owners think the way to increase profits is by generating more sales. While this is true to an extent, it’s by no means the whole story. Good business is about working smarter rather than harder, so we’ve put together six tips to help you boost your income while making your business accounting easier and more efficient.

1. Boost profitability and make better decisions with a real time view of the finances

It’s no good using estimated figures. Know your exact gross profit margin at any given time. Begin by preparing your accounts to the last month-end using your MYOB AccountRight software. Your finance and business information will be in one place and up-to-date, making administrative tasks like banking, payroll and super more efficient.

2. Review your prices

Are you charging all your customers the same? If so, why? Find out which jobs are profitable and set special pricing to maintain a loyal customer base. You’ll invariably find that some are less price sensitive than others.

3. Tax and compliance made easy

Stay up-to-date with changes to the Government legislation and ensure to meet your compliance obligations such as GST, employee tax (PAYG) and super. AccountRight updates keep you completely up-to-date with any change to the Government legislation, making it easy to meet you tax obligations.

4. Save supplier invoices and bills securely in your accounts

There’s a smarter way to manage your bills, making record keeping easy by saving your supplier invoices and bills securely in your accounts. It helps you:

  • work with your accountant more efficiently
  • reduce the amount of paper filing
  • stay on top of your tax obligations.

5. Increase your security

It may sound obvious, but to protect your business, you’ll need to protect its data. With AccountRight all your records are stored in Azure’s local datacentres, so your most sensitive information remains secure and accessible only at your permission.

6. Stay competitive, get ahead

MYOB AccountRight uses Microsoft Azure to host its software in the cloud – saving you both time and money. With all your business records available at the touch of a button, you’ll be able to track your income and expenses whenever you need them as well as manage your stock to minimise theft and obsolescence.

ooo

Henry Sapiecha

START WITH ONE CENT & END UP A MILLIONAIRE IN 27 DAYS-SEE HOW

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If you had one cent and doubled your money every day you would be a millionaire in 27 days it is said. Perhaps we should all apply this theory to see what happens. Mathematically it should work.

OOO

Henry Sapiecha